Big Business uses Invoice Discounting
Invoice Discounting is widely used in more established businesses that have a collection department, or administrative section. These businesses also have no need for a debtor finance lender to collect invoices on their behalf. Most businesses at this level don’t need all invoices debtor Financed and often use it as an overdraft system for purchases of stock or wages.
Invoice Discounting lets you draw up to 90% against your ledger when required. When factoring your invoices, they lend not against individual invoices which sets it apart from factoring. This factoring facility also gives you the ability to predetermine how much you want to draw down out of each ledger limiting interest costs.
Once the debtors pay for invoices, the Debtor Finance lender releases the final 20% less fees the next day into your business account. In most cases Invoice financiers have almost paperless procedures with a very simple on line system.
Banks often make this facility undisclosed / confidential to the debtors. If the accounts are well maintained only the lender and the financier are aware of this product occurring.
If Invoice Discounting is what your business needs for Cash flow finance, then please contact Trade Debtor Finance Consultants Pty Ltd (TDFC). At TDFC our consultants discuss with you, pricing and lenders to suit your business needs. TDFC also offers and obligation free written quote. With up to four options to choose from, at no direct cost to your firm. To learn more about , click on the link.
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